The stock of II-VI, Inc. (NASDAQ:IIVI) is a huge mover today! About 438,970 shares traded hands or 83.41% up from the average. II-VI, Inc. (NASDAQ:IIVI) has risen 16.37% since March 3, 2016 and is uptrending. It has outperformed by 8.02% the S&P500.
The move comes after 6 months positive chart setup for the $1.68B company. It was reported on Oct, 6 by Barchart.com. We have $40.99 PT which if reached, will make NASDAQ:IIVI worth $1.01B more.
Analysts await II-VI, Inc. (NASDAQ:IIVI) to report earnings on October, 25. They expect $0.23 EPS, down 14.81% or $0.04 from last year’s $0.27 per share. IIVI’s profit will be $15.08 million for 27.85 P/E if the $0.23 EPS becomes a reality. After $0.40 actual EPS reported by II-VI, Inc. for the previous quarter, Wall Street now forecasts -42.50% negative EPS growth.
II-VI, Inc. (NASDAQ:IIVI) Ratings Coverage
Out of 2 analysts covering II-VI (NASDAQ:IIVI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. II-VI has been the topic of 5 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Zacks downgraded the shares of IIVI in a report on Thursday, August 6 to “Hold” rating. The stock of II-VI, Inc. (NASDAQ:IIVI) has “Buy” rating given on Tuesday, August 4 by Sidoti. TheStreet downgraded the stock to “Buy” rating in Saturday, August 15 report.
According to Zacks Investment Research, “II-VI Incorporated designs, manufactures and markets optical and opto-electronic components, devices and materials for infrared, near-infrared, visible light, x-ray and gamma ray instrumentation. The Company’s infrared optics business manufactures optical and opto-electronic components sold under the II-VI brand name and used primarily in CO2 lasers. The Company’s near-infrared optics business manufactures near-infrared & visible light products for industrial, scientific, military & medical instruments and laser gain materials and products for solid-state YAG and YLF lasers at the Company’s VLOC subsidiary. The Company’s military infrared optics business manufactures infrared products for military applications under the Exotic Electro-Optics brand name.”
Insitutional Activity: The institutional sentiment decreased to 1.03 in 2016 Q2. Its down 0.62, from 1.65 in 2016Q1. The ratio turned negative, as 27 funds sold all II-VI, Inc. shares owned while 62 reduced positions. 24 funds bought stakes while 68 increased positions. They now own 41.67 million shares or 4.66% more from 39.81 million shares in 2016Q1.
Calvert Invest holds 0.14% of its portfolio in II-VI, Inc. (NASDAQ:IIVI) for 143,301 shares. Citadel Advsr Limited Liability Co last reported 0% of its portfolio in the stock. Public Employees Retirement Association Of Colorado has invested 0% of its portfolio in II-VI, Inc. (NASDAQ:IIVI). Moreover, American Intll Inc has 0% invested in II-VI, Inc. (NASDAQ:IIVI) for 43,205 shares. Tudor Invest Et Al, a Connecticut-based fund reported 37,223 shares. Moreover, Bard has 2.32% invested in II-VI, Inc. (NASDAQ:IIVI) for 233,544 shares. Blackrock Inc holds 0% or 27,712 shares in its portfolio. Teachers Advisors has 0.02% invested in the company for 685,896 shares. Barclays Pcl has invested 0% of its portfolio in II-VI, Inc. (NASDAQ:IIVI). Globeflex Cap Ltd Partnership has 22,138 shares for 0.11% of their US portfolio. Utd Serv Automobile Association has invested 0.02% of its portfolio in II-VI, Inc. (NASDAQ:IIVI). Blackrock Advisors Ltd Liability owns 99,317 shares or 0% of their US portfolio. Spark Invest Mngmt Ltd Co holds 127,800 shares or 0.22% of its portfolio. Aperio Grp Ltd Co accumulated 20,664 shares or 0% of the stock. Louisiana State Employees Retirement Sys, a Louisiana-based fund reported 23,500 shares.
Insider Transactions: Since April 29, 2016, the stock had 1 buying transaction, and 6 sales for $1.63 million net activity. The insider CORASANTI JOSEPH J sold $689,353. MISTLER THOMAS E sold $69,980 worth of stock or 3,499 shares. Another trade for 4,000 shares valued at $89,200 was sold by DICICCO WENDY F. Xia Howard H. bought 3,696 shares worth $80,092. $220,125 worth of shares were sold by MATTERA VINCENT D JR on Tuesday, June 14. KRAMER FRANCIS J sold $546,724 worth of stock or 26,300 shares.
More notable recent II-VI, Inc. (NASDAQ:IIVI) news were published by: Post-Gazette.com which released: “II-VI Inc. ends 2nd quarter with revenue gains” on August 02, 2016, also Fool.com with their article: “Why Shares of II-VI Inc. Slumped Today” published on April 27, 2016, Seekingalpha.com published: “II-VI Inc.: The High Quality Play In Optics” on September 22, 2016. More interesting news about II-VI, Inc. (NASDAQ:IIVI) were released by: Streetinsider.com and their article: “II-VI, Inc. (IIVI) Enters Agreement to Acquire EpiWorks and ANADIGICS for $110M” published on January 19, 2016 as well as Streetinsider.com‘s news article titled: “II-VI, Inc. (IIVI) Announces Completion of ANADIGICS Acquisition; Nudges Q3 …” with publication date: March 16, 2016.
IIVI Company Profile
II-VI Incorporated, incorporated on June 22, 1971, develops and makes engineered materials, optoelectronic components and products for precision use in industrial, optical communications, military, semiconductor, consumer and life science applications. The Firm has three operating divisions: II-VI Laser Solutions, II-VI Photonics and II-VI Performance Products. The Company’s II-VI Laser Solutions segment designs, makes and markets optical and electro-optical components and materials sold under the II-VI Infrared brand name and used primarily in high-power carbon dioxide (CO2) lasers, fiber-delivered beam delivery systems and processing tools and direct diode lasers for industrial lasers sold under the II-VI HIGHYAG and II-VI Laser Enterprise brand names. The II-VI Laser Solutions segment also makes compound semiconductor epitaxial wafers for applications in optical components, wireless devices, and communication systems and makes approximately six-inch gallium arsenide wafers allowing for the production of lasers and integrated circuits sold under the II-VI EpiWorks and II-VI OptoElectronic Devices Division brand names. The II-VI Photonics segment makes crystal materials, optics, microchip lasers and opto-electronic modules for use in optical communication networks and other consumer and commercial applications. In addition, the II-VI Photonics segment also makes pump lasers, and optical amplifiers and micro-optics for optical amplifiers for both terrestrial and submarine applications within the optical communications market. The Company’s II-VI Performance Products segment designs, makes and markets infrared optical components and high-precision optical assemblies for military, medical and commercial laser imaging applications. In addition, the II-VI Performance Products segment designs, makes and markets engineered materials for thermo-electric and silicon carbide applications servicing the semiconductor, military and medical markets.
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